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#15 + Suppose that Calloway golf would like to capitalize on Phil Michelson winning the Open Championship in 2013 by releasing a new putter. The

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#15 + Suppose that Calloway golf would like to capitalize on Phil Michelson winning the Open Championship in 2013 by releasing a new putter. The new product will require new equipment for $412,591.00 that will be depreciated using the 5- year MACRS schedule. The project will run for 2 years with the following forecasted numbers: Year 1 Year 2 Putter price $63.27 $63.27 Units sold 19,871.00 10,305.00 COGS 42.00% of sales 42.00% of sales Selling and Administrative 19.00% of sales 19.00% of sales Calloway has a 13.00% cost of capital and a 36.00% tax rate. The firm expects to sell the equipment after 2 years for a NSV of $132,771.00. What is the project cash flow for year 2? (include the terminal cash flow here) Submit Answer format: Currency: Round to: 2 decimal places

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